US equities extended their gains after President Trump told reporters that US was having daily ongoing talks with China.

"Well, they had a meeting this morning... we may reveal it later, but they had meetings this morning, and we've been meeting with China."

Trump added, when asked for more details:

"...it doesn't really matter who 'they' are."

This lifted Nasdaq to a 2.5% gain on the day...

The S&amp;P is at a key technical resistance level once again...

...and has rallied above the first CTA buy trigger:

If it closes here, we could start seeing cascade of chasing higher.

"...it doesn't matter who 'they' are..."
{ai:summary}US equities rose following President Trump's remarks about ongoing trade talks with China, suggesting positive developments. The Nasdaq gained 2.5%, while the S&P approached a significant technical resistance level, indicating potential for further upward movement.Investors are closely watching for China's response, as skepticism remains regarding the authenticity of these discussions. The market's trajectory could shift depending on future communications from both sides. #economy

Stocks Extend Gains After Trump Says "They" Are Having Meetings With China

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